Commodity & Trade Updates
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ADM reports 60% jump in full-year profits, forecasts strong crush margins and high demand in 2023
USA- Archer-Daniels-Midland Co, (ADM), a major U.S. grains merchant, has posted an annual net income profit of US$4.34 billion, a record 60% jump when compared…
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Brazil set for another record-breaking grain harvest in 2023, corn production forecast up by 8%
BRAZIL – Brazilian agricultural production is expected to continue growing in 2023, maintaining the trend of producing another record-breaking grain harvest, according to a report…
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AFEX annual commodity outlook forecasts global maize prices to decline by 8% in 2023
NIGERIA – Global maize prices will decrease by 8% while prices for wheat, which were anticipated to rise by 36% in 2022, will slightly fall…
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Kenya licenses traders as window open for the importation of 10M bags of duty-free maize
KENYA – The government has issued licenses to private traders to facilitate the importation of 10 million bags (about 900 metric tonnes) of duty-free maize…
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East Africa’s wheat prices to remain high on sharp drop in Ukrainian production
EAST AFRICA- The Economic Intelligence Unit (EIU), the research and analysis division of the Economist Group, is forecasting higher wheat commodity prices for East African…